Connect with us

Hi, what are you looking for?

Economy

The stored gas reserve increased to six billion cubic meters – Economy – News

The stored gas reserve increased to six billion cubic meters – Economy – News

Hungary is adequately prepared for winter, with 6 billion cubic meters of natural gas already available in domestic storage facilities of outstanding capacity, the Energy Ministry (EM) announced on Saturday on its social media page. According to the ministry, in 2023 the population consumed just over 3 billion cubic metres, and the available reserve is almost twice that.

They pointed out that the economy's needs were covered by about 5.5 billion cubic meters of natural gas last year, and the amount stored in the country exceeds that, adding that last year, more than 70 percent of the total gas consumption amounted to about 8.5 percent. One billion cubic meters were available before the onset of extreme cold weather.

As shown, the amount equivalent to the combined use of 5.7 billion cubic meters from the previous heating season had already been stored by the beginning of September.

In addition, according to estimates based on progress proportional to time, annual natural gas consumption may fall below 8 billion cubic meters this year, and thus reserves may cover a greater proportion of actual needs, the ministry announced.

It was recalled that the European Union imposes a 90 percent tariff target on member states with underground gas storage facilities with a deadline of November 1, and Hungary has already met this condition by the beginning of September, and according to data collected by European gas infrastructure operators, We currently stand at 93 percent.

“Our country has traditionally been at the forefront of the continent in terms of capacity indicators proportional to consumption. So far, only Latvia and Austria, which store the reserves of the three Baltic states, are ahead of us in this comparison,” they said. .

See also  Totalcar - Magazine - Pictures of the new BMW i3 sedan may have been leaked

They point out that in addition to the high stock level, the secure supply to Hungarian consumers is also supported by undisturbed imports and local production.

“Thanks to lower utility bills, households have had access to the cheapest natural gas in Europe for a long time. Utility protection measures, in their unchanged form, ensure that Hungarian people can keep their homes warm at affordable prices even in the heating season,” the announcement said. It will start soon.

Tags:
Reserve, Hungary, gas, winter, economy

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Top News

In a harrowing incident that has shaken the community of Lewiston, Maine, a series of shootings on Wednesday evening resulted in a tragic loss...

Top News

President Joe Biden’s abrupt departure from a speech on the U.S. economy at the White House on Monday sent a ripple of speculation and...

Top News

Given the differences in styles with next-generation consoles, the so-called “console war” between Sony and Microsoft is arguably moot. Most console players, however, will...

World

Chinese scientists have discovered a little-known type of ore containing a rare earth metal highly sought after for its superconducting properties. The ore, called...

Copyright © 2024 Campus Lately.